The North London club have contacted Swansea and several reports suggest that a formal bid has already been made.

Davies broke into the first team at the Liberty Stadium under Michael Laudrup and played an integral part last season as Swansea finished 12th in the Premier League.

The Welsh international has made ten appearances for his country but would face competition from Danny Rose for the left-back position if a move to White Hart Lane materialises.

While Swansea are reluctant to lose a player that they have nurtured through the ranks, Garry Monk would be willing to cash-in on Davies if the funds from his sale are made available to reinvest in the squad.

Swansea have already completed the signing of French international Bafetimbi Gomis. The striker arrives from Lyon on a free transfer but his arrival could be offset by the loss of Ivorian Wilfried Bony, who has attracted the attention of a number of clubs.

Gomis was also a target for Newcastle United after scoring 22 goals in Ligue 1 last season but was overlooked for France's World Cup squad by Didier Deschamps.